CWH Options History — August 2018

In August 2018, CWH traded between $19.20 and $22.30. ATM implied volatility averaged 64.7%, placing in the 49.2% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded below realized volatility by 8.9% (HV 20d: 73.6%). Max pain ranged from $22.50 to $24.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.46.

Notable Days

2018-08-13: Highest Volume — 27,486 contracts
2018-08-08: Largest IV drop — 39.4% change
2018-08-07: Highest IV Rank — 91.5%
2018-08-02: Largest Expected Move — 25.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.77	$19.20	$22.30	$21.04	$20.71
Max Pain	$22.63	$22.50	$24.00	$24.00	$22.50
ATM IV	64.7%	53.0%	100.4%	84.0%	53.2%
Expected Move	17.4%	15.2%	25.0%	24.1%	15.3%
HV 20d	73.6%	42.3%	87.2%	48.7%	85.8%
HV 60d	65.4%	57.0%	68.7%	68.2%	64.8%
IV Rank	49.2%	35.3%	91.5%	72.1%	35.6%
IV Percentile	77.3%	57.5%	99.6%	98.0%	57.9%
Term Structure	-1.8%	-20.4%	5.2%	-16.6%	2.6%
VWIV	61.5%	52.5%	89.7%	85.8%	53.2%
Skew 25d	1.2%	-0.8%	4.0%	1.1%	0.5%
Skew 10d	1.2%	-14.6%	8.2%	8.2%	2.2%
Call IV 25d	61.0%	51.8%	89.4%	84.3%	52.9%
Put IV 25d	62.2%	52.9%	89.7%	85.4%	53.5%
Bid-Ask Spread %	19.38	13.37	31.82	26.91	13.96
Gamma HHI	0.23	0.18	0.31	0.22	0.23
Net GEX	1.2M	535.3K	2.5M	535.3K	1.3M
Net DEX	-15.0M	-39.2M	6.7M	-6.4M	-16.1M
Net VEX	-236.2K	-289.4K	-181.3K	-214.9K	-220.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.07	0.93	0.36	0.70
Total Volume	6,254.391	1,928	27,486	4,605	2,475
Total OI	110,668.478	85,781	137,535	85,781	113,033

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-08-01	$21.04	$24.00	84.0%	24.1%	48.7%	72.1%	85.8%	1.1%	-16.6%	535.3K	-6.4M	-214.9K	0.36	26.91	N/A	N/A	3,383	1,222	61,293	24,488
2018-08-02	$21.38	$22.50	87.1%	25.0%	46.9%	75.7%	86.8%	2.0%	-20.4%	643.5K	-11.2M	-227.4K	0.21	27.04	N/A	N/A	5,703	1,198	62,567	24,970
2018-08-03	$21.79	$24.00	86.2%	24.7%	43.2%	74.6%	89.7%	-0.8%	-19.9%	801.1K	-17.3M	-248.3K	0.54	24.11	N/A	N/A	1,559	845	66,783	25,376
2018-08-06	$21.60	$22.50	93.5%	19.3%	42.3%	83.3%	67.8%	3.5%	-5.6%	749.2K	-14.2M	-235.7K	0.45	22.96	N/A	N/A	3,963	1,798	66,930	25,510
2018-08-07	$22.30	$22.50	100.4%	19.2%	44.5%	91.5%	68.8%	4.0%	-6.5%	1.0M	-24.7M	-251.3K	0.18	31.82	N/A	N/A	12,780	2,334	69,678	26,480
2018-08-08	$19.20	$22.50	60.9%	16.6%	67.1%	44.7%	59.2%	-0.0%	2.4%	535.8K	6.7M	-181.3K	0.25	19.98	N/A	N/A	10,518	2,604	81,554	26,074
2018-08-09	$20.96	$22.50	58.3%	15.7%	75.3%	41.6%	55.4%	3.7%	5.2%	1.0M	-7.9M	-214.7K	0.17	22.83	N/A	N/A	11,637	2,027	79,002	27,481
2018-08-10	$19.72	$22.50	62.9%	15.8%	77.2%	47.1%	56.1%	1.2%	1.9%	644.4K	2.1M	-203.3K	0.51	22.59	N/A	N/A	2,335	1,189	81,773	27,575
2018-08-13	$20.50	$22.50	69.4%	17.6%	78.4%	54.7%	61.7%	1.6%	0.4%	882.9K	-5.9M	-221.9K	0.07	18.74	N/A	N/A	25,575	1,911	82,381	27,939
2018-08-14	$20.51	$22.50	64.9%	16.2%	78.2%	49.4%	57.9%	1.8%	2.6%	1.7M	-16.1M	-257.6K	0.59	17.83	N/A	N/A	2,351	1,381	105,712	28,821
2018-08-15	$21.40	$22.50	58.3%	16.7%	80.0%	41.6%	59.1%	0.8%	1.3%	2.2M	-31.9M	-286.3K	0.52	21.30	N/A	N/A	2,850	1,488	105,829	29,033
2018-08-16	$21.85	$22.50	59.0%	16.9%	80.6%	42.4%	59.2%	2.1%	2.9%	2.5M	-39.2M	-289.4K	0.27	18.54	N/A	N/A	5,693	1,555	105,660	28,978
2018-08-17	$19.85	$22.50	58.8%	16.9%	86.7%	42.2%	58.9%	-0.8%	2.6%	1.6M	-6.7M	-240.4K	0.34	18.98	N/A	N/A	5,496	1,888	108,413	29,122
2018-08-20	$20.16	$22.50	57.5%	16.5%	87.2%	40.6%	57.7%	2.3%	-0.1%	1.1M	-14.3M	-241.3K	0.40	19.85	N/A	N/A	2,432	964	84,907	24,778
2018-08-21	$20.57	$22.50	56.3%	16.1%	84.9%	39.2%	55.6%	-0.1%	1.0%	1.3M	-21.0M	-255.1K	0.62	15.33	N/A	N/A	1,660	1,036	85,777	25,016
2018-08-22	$21.04	$22.50	56.2%	16.1%	85.4%	39.1%	54.5%	1.9%	-0.7%	1.5M	-26.6M	-264.9K	0.35	14.37	N/A	N/A	2,102	732	85,900	25,320
2018-08-23	$20.74	$22.50	54.6%	15.7%	84.3%	37.2%	56.0%	0.1%	0.8%	1.3M	-20.7M	-250.5K	0.68	15.63	N/A	N/A	1,148	780	86,022	25,365
2018-08-24	$20.46	$22.50	53.8%	15.4%	84.3%	36.3%	54.5%	-0.7%	1.5%	1.3M	-17.5M	-243.1K	0.30	15.42	N/A	N/A	3,321	986	86,008	25,564
2018-08-27	$20.87	$22.50	54.1%	15.5%	83.8%	36.6%	55.0%	1.1%	0.7%	1.4M	-20.1M	-238.7K	0.71	13.63	N/A	N/A	1,859	1,315	86,136	25,830
2018-08-28	$20.78	$22.50	53.5%	15.3%	83.8%	35.9%	55.2%	-0.5%	2.0%	1.3M	-18.3M	-232.5K	0.53	15.98	N/A	N/A	1,726	923	85,818	26,041
2018-08-29	$20.64	$22.50	53.3%	15.3%	81.8%	35.6%	52.9%	1.0%	0.3%	1.2M	-15.0M	-218.6K	0.93	14.55	N/A	N/A	1,238	1,150	85,946	26,110
2018-08-30	$19.60	$22.50	53.0%	15.2%	83.5%	35.3%	52.5%	0.9%	-0.1%	820.3K	-2.3M	-195.8K	0.83	13.37	N/A	N/A	1,489	1,232	86,077	26,305
2018-08-31	$20.71	$22.50	53.2%	15.3%	85.8%	35.6%	53.2%	0.5%	2.6%	1.3M	-16.1M	-220.4K	0.70	13.96	N/A	N/A	1,457	1,018	86,373	26,660